Acta academica karviniensia 2012, 12(4):15-28 | DOI: 10.25142/aak.2012.054

ŠTÁTNE INTERVENCIE A TRH PRIVATE EQUITY V STREDNEJ A VÝCHODNEJ EURÓPE

Elena Fetisovová1, Eduard Hyránek2, Ladislav Nagy3
1 doc. Ing. Elena Fetisovová, CSc., Katedra podnikových financií, Fakulta podnikového manažmentu, Ekonomická univerzita v Bratislave, Dolnozemská cesta 1/b, 852 35 Bratislava, Tel.: +421 2 672 95 671, efetisov@dec.euba.sk
2 Ing. Eduard Hyránek, PhD., Katedra podnikových financií, Fakulta podnikového manažmentu, Ekonomická univerzita v Bratislave, Dolnozemská cesta 1/b, 852 35 Bratislava, Tel.: +421 2 672 95 669, hyranek@euba.sk
3 Ing. Ladislav Nagy, PhD., Katedra podnikových financií, Fakulta podnikového manažmentu, Ekonomická univerzita v Bratislave, Dolnozemská cesta 1/b, 852 35 Bratislava, Tel.: +421 2 672 95 659, ladislav.nagy@euba.sk

Primal comprehension of risk capital has been enlarged gradually in the course of time. It is approved by significant amount of funds in Europe and in the USA, which was explicitly specialized for investing in initial development. They diversified their investments and enlarged the subject of their activity to all sphere of risk investments, or focused in development financing only. Change of concept of a meaning risk capital symbolized diversification market of risk capital into two parts: market of classic risk capital and market of development capital. Risk capital is investment in equity of enterprise, which is without history. Objective of capital development is financing of quick growth and implementation of innovative intentions of enterprise with history and without sufficiency of capital. Article presents a different opinion on state interventions at the market of private equity. Significant attention is devoted to development premises of private equity formal market in the middle and east Europe. Next development of private equity market in the countries of a respective region depends on measure of impact of global recession and on development assumptions of effective functioning of market. Before crisis sizeable volume of accumulated capital waits for investing, and therefore we can't expect to stubbing recession of risk capital market in the states of analyzing region now.

Keywords: Europe, small and medium-sized enterprises, private equity, risky investment, venture capital, venture capital market, state intervention
JEL classification: G24, G28, M13

Published: December 30, 2012  Show citation

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Fetisovová E, Hyránek E, Nagy L. ŠTÁTNE INTERVENCIE A TRH PRIVATE EQUITY V STREDNEJ A VÝCHODNEJ EURÓPE. Acta academica karviniensia. 2012;12(4):15-28. doi: 10.25142/aak.2012.054.
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